A corporate controller who stole more than $19 million from the information technology firm that employed him has been sentenced to 6 1/2 years in prison. Forty-eight-year-old Jon Frank of Nokesville, Virginia, pleaded guilty to wire fraud earlier this year. …
New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the rates and loss cost factors insurers use to develop prices. This move would mark the sixth year in a row …
NBT Bancorp Inc., a financial holding company headquartered in Norwich, N.Y., has hired Tucker Lounsbury as president of NBT-Mang Insurance Agency. “His experience in all aspects of the insurance industry makes him a strong choice to lead the efforts of …
Privately held insurance broker Lockton has hired Timothy Folk to its property and casualty team as an executive vice president and producer in the Philadelphia operation. Folk will be responsible for building on Lockton’s expertise within the healthcare industry, said …
Hedge fund manager David Einhorn has endured a number of losing bets at his insurance venture. Now, the weather is becoming a threat for his Greenlight Capital Re Ltd. The company’s stock has slumped about 9 percent since Aug. 31 …
Global reinsurance broker JLT Re has reported that Stephen Balderston will be joining its Credit and Political Risk team as a partner once he has completed his contractual obligations with his current employer, Guy Carpenter. Balderston joins JLT Re after …
A wave of insurtech startups are entering the re/insurance market – but that’s not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close collaboration between many new insurtech companies and established …
Cincinnati Insurance Promotes LifeSaver as a Loss Control Option to its Commercial Policyholders. San Jose, CA, September 12, 2017– LifeSaver and Cincinnati Insurance have joined forces to fight phone-related distracted driving. Cincinnati Insurance’s commercial policyholders can now enforce their cell …
Paul Martin has joined Texas-based independent MGA and wholesaler, Myron F. Steves and Co., as director of Education and Development. He will also oversee the company’s operations in San Antonio. Martin most recently served as vice president of sales at …
A change to the Dairy Margin Protection Program means Wisconsin dairy farmers can choose to opt out of the federal program and turn to other risk management strategies. The U.S. Department of Agriculture no longer requires farmers to enroll in …
